Northern Trains overcomes ‘uncertain and challenging times’ as revenue passes £1bn October 2, 2024 Northern Trains has posted a revenue of £1bn for its latest financial year after battling “uncertain and challenging times”. The operator has posted a total revenue of £1.07bn for the year to 31 March, 2024, up from the £982.6m it posted in the prior 12 months. Newly-filed accounts with Companies House also show its revenue [...]
Smiths News: Distributor’s revenue ticks up after Euros boost October 2, 2024 Leading UK newspaper distributor Smiths News has reported a “resilient” trading performance despite the long-term decline of demand for newspapers. Revenue at the company grew by 1.1 per cent in the 53 weeks to 31 August. The full-year result was despite a revenue drop of two per cent in the first half of the year. Its [...]
UK retail investors shun risk in run up to US election October 2, 2024 Optimism and risk appetite have fallen over the last quarter among UK retail investors as August’s market wobble and fears over the US election build, City AM can reveal. Optimism fell 3.5 per cent and risk appetite dropped three per cent in the UK over the last three months, a survey of over 2,500 retail [...]
The main task of the next Tory leader is to repaint the party’s image October 2, 2024 The dominant narrative around a government’s record is more important than the facts, writes Paul Ormerod
The big unknown which will determine the short-term future of the economy October 1, 2024 Consumption has taken a much bigger hit in the UK since the pandemic than in either the eurozone or the US.
Is Rachel Reeves planning a £24bn pension tax raid? October 1, 2024 It has been reported that the Treasury is considering what could amount to a £24bn pension tax raid as Rachel Reeves tries to plug her £22bn budget black hole. The Chancellor has reportedly been looking at tax relief on pension contributions, specifically, employers’ national insurance relief. There are two forms of national insurance. Employees, paid [...]
China funds dominate September as London’s AIM slumps October 1, 2024 China funds dominated performance tables in September following Beijing’s economic pledges, while UK smaller companies funds sagged over rumours that taxes on AIM may rise. The average China fund grew by more than 16 per cent throughout September, with almost all that growth coming in the last week of the month. “The top 44 funds [...]
Eurozone inflation falls below target for the first time since mid-2021 October 1, 2024 Annual inflation fell to 1.8 per cent in September, down from 2.2 per cent in August and below the 1.9 per cent expected by economists.
Manufacturing remains in expansion but confidence plummets ahead of budget October 1, 2024 The fall in confidence was the largest since March 2020, just before the Covid lockdown.
Parkdean Resorts suffers £100m slump as post-pandemic holiday competition heats up October 1, 2024 The return of short-haul travel following the Covid-19 pandemic contributed to holiday park operator Parkdean Resorts’ pre-tax loss widening by almost £100m during its latest financial year. The business, which is headquartered near Newcastle upon Tyne, has reported a loss of £135.2m for 2023, having previously posted a loss of £36.4m in 2022. The last [...]